Sports Direct profits dive by nearly 60%

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Image copyright PA Profits at Sports Direct have plummeted nearly 60%, which the firm said was largely due to the weaker pound. Underlying pre-tax profit fell to £113.7m from £275.2m last year because of “currency movements and increased depreciation charges”. Chief executive Mike Ashley said it had now taken steps to “minimise the short-term impact [...]

Harley-Davidson forecasts more falling sales

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Image copyright Getty Images Shares in Harley-Davidson are down about 8% in New York after the motorcycle maker slashed its sales forecast for this year. The Milwaukee-based firm now expects to sell between 241,000 and 246,000 bikes this year, down from 262,221 last year. Demand has been dropping for years. A decade ago it was [...]

Software emissions fix for three million Mercedes diesels

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Image copyright Reuters Three million Mercedes-Benz owners in Europe will be offered a software fix for their diesel cars. Daimler, which owns the luxury car maker, has been under intense pressure from police and prosecutors. Authorities are investigating the possible manipulation of diesel exhaust emissions in passenger cars. A Daimler spokesman said the software fix, [...]

Weak pound sees surge in tourists visiting UK

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Image copyright Getty Images Image caption The delights of Wales proved a particular attraction to visitors The weakness of sterling was behind a surge in the number of tourists visiting the UK in the first three months of 2017, according to the Office for National Statistics (ONS). The number of holidaymakers coming to the UK [...]

UK unemployment drops to 1.49m

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Image copyright PA UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show. It meant the unemployment rate fell by 0.2% to its lowest since 1975, at 4.5%, the Office for National Statistics (ONS) added. But wage increases continued to fall further behind inflation. Excluding bonuses, earnings rose [...]